Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128699
Authors: 
Breuss, Fritz
Egger, Peter
Pfaffermayr, Michael
Year of Publication: 
2001
Series/Report no.: 
WIFO Working Papers 150
Abstract: 
This paper analyses the effects of Agenda 2000's policy reform on the stocks of outward FDI to the European Union member countries. In a three-factors proximity-concentration New Trade Theory model we indentify the channels of influence on the FDI decision. In the empirical part, we estimate a dynamic panel data model and find that structural expenditures exert a significant positive impact on real stocks of outward FDI to EU countries. We simulate the Agenda 2000 program and obtain short-term and long-term effects of the EU country-specific changes in structural budgets on FDI to these countries.
Subjects: 
FDI
Gravity equation
European integration
Panel econometrics
JEL: 
C33
F14
F15
Document Type: 
Working Paper

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